215 Penny Bennett RdSpartanburgSC29307
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spartanburg at 215 Penny Bennett Rd, Spartanburg, SC, 29307 offers a 8.41% rental yield on a $253,000 purchase with $1,773/mo rent. Total monthly income registers $1,773/mo, and a $1,238/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,706/yr on $83,870 to close, and return on cash invested stands at 23.14% in year one. Equity gained on principal adds $1,633/yr while 5% annual appreciation supports $69,899 over five years. Portfolio math shows five-year ROI at 120.08% and total cumulative return in cash at $100,708. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,773/mo property income against a $1,238/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
6,969 sqft lot
$N/A/sqft
$15 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Parker McGraw • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #328974
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.